ACC 577 Week 6 Quiz ( 100 % Correct Answers )
year-end balance sheet , what amount should Cable report as a deferred tax asset ( liability )?
Question 20
Tack , Inc . reported retained earnings balance of $ 150,000 at December 31 , 20x3 . In June 20x4 , Tack discovered that merchandise costing $ 40,000 had not been included in inventory in its 20x3 financial statements . Tack has a 30 % tax rate . What amount should Tack report as adjusted beginning retained earnings in its statement of retained earnings at December 31 , 20x4 ?
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ACC 577 Week 6 Quiz ( 100 % Correct Answers )
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All Questions Details given below ( Please Check ) Week 6 Quiz Review : ACC 577 Question 1
At the time Company P acquired controlling interest of Company S the following accounts and balances existed on the books of the two companies : Which one of the following amounts should be eliminated in preparing a consolidated balance sheet immediately following the business combination ?
Question 2